President Luiz Inácio Lula da Silva issued a fierce rejection of President Trump’s demands for Brazil, but said he was ready for dialogue. "Brazil’s sovereignty will not be threatened."
It’s coming, and we know approximately when. The economy contracted by 0.3 percent, and imports have contracted. Tariffs of 145 percent on China are a trade embargo for many sectors. China’s retaliatory measures are an embargo in the other direction.
In a revealing speech, Trump’s economic adviser has exposed the actual strategy behind the tariff policy: forcing other countries to provide financial support for US world hegemony.
Trump posted a message to his followers just before pausing the bulk of his tariffs. He may have accidentally confessed to insider trading and market manipulation on Truth Social.
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